Breaking Tech: May 29 (5 stories)

Here is your Daily summary for Technology across the world for Fri 29th May 2026

The European Union is ramping up efforts to bolster its semiconductor industry, proposing a substantial €120 billion investment through a revamped Chips Act aimed at revitalizing local production by 2035. This move is crucial for reducing reliance on foreign chip supplies amid ongoing global shortages.

In software, Apple is set to significantly revamp Siri with the upcoming iOS 27, integrating advanced AI features that could enhance user interaction and functionality. This overhaul reflects Apple's commitment to staying competitive in the AI landscape.

Meanwhile, BYD has launched China's first automotive-grade 4-nanometer chip, marking a significant step in its smart-driving technology. This innovation positions BYD at the forefront of the EV market, emphasizing the importance of in-house chip development for autonomous vehicles.

Lastly, the electric vehicle startup Slate Auto, backed by Jeff Bezos, is preparing to announce pricing and begin preorders for its vehicle on June 24, with deliveries expected by year-end. This development highlights the growing competition in the EV sector as new players emerge.